Health systems worldwide are grappling with the need to control costs to maintain system viability. With the combination of worsening economic conditions, an aging population and reductions in tax revenues, the pressures to make structural changes are expected to continue growing. Common cost control mechanisms, e.g. curtailment of patient access and treatment prioritization, are likely to be a...

We present a discrete choice model of consumption that incorporates two empirically validated aspects of consumer behaviour: inertia in consumption and interaction among consumers. We specify the interaction structure as a regular lattice with consumers interacting only with immediate neighbours. We investigate the equilibrium behaviour of the resulting system and show analytically that for a l...

This paper focuses on analyzing data collected in situations where investigators use multiple discrete indicators as surrogates, for example, a set of questionnaires. A very flexible latent class model is used for analysis. We propose a Bayesian framework to perform the joint estimation of the number of latent classes and model parameters. The proposed approach applies the reversible jump Marko...

In this paper, a joint model of vehicle type choice and utilization is formulated and estimated on a data set of vehicles drawn from the 2000 San Francisco Bay Area Travel Survey. The joint discrete-continuous model system formulated in this study explicitly accounts for common unobserved factors that may affect the choice and utilization of a certain vehicle type (i.e., self-selection effects)...

Consumers often know what kind of product they wish to purchase, but do not know which speci...c variant best ...ts their needs, so consumers shop around. As a result, a consumer may ...nd an acceptable product in one store but nevertheless purchase nothing, opting to continue searching for an even better product. We study three versions of the retail assortment problem: a traditional, no-searc...

A Multinomial-Choice Model of Neighborhood Effects Author(s): William A. Brock and Steven N. Durlauf Source: The American Economic Review, Vol. 92, No. 2, Papers and Proceedings of the One Hundred Fourteenth Annual Meeting of the American Economic Association (May, 2002), pp. 298-303 Published by: American Economic Association Stable URL: http://www.jstor.org/stable/3083420 . Accessed: 10/09/20...

Nonlogit maximum-likelihood estimators are inconsistent when using data on a subset of the choices available to agents. I show that the semiparametric, multinomial maximum-score estimator is consistent when using data on a subset of choices. No information is required for choices outside of the subset. The required conditions about the error terms are the same conditions as for using all the ch...

Conjoint analysis is family of techniques that originated in psychology and later became popular in market research. The main objective of conjoint analysis is to measure an individual’s or a population’s preferences on a class options that can be described by parameters and their levels. We consider preference data obtained in choice based conjoint analysis studies, where one observes test per...

Background The preferences of Iranians concerning the attributes of health insurance benefit packages are not well studied. This study aimed to elicit health insurance preferences among insured people in Iran during 2016.   Methods A mixed method...

Random utility models are widely used to estimate preference parameters. In the case of intertemporal choice, two most common discounted logit and one we call Luce. Due their apparent similarity, choice use model or other seems irrelevant. this paper, argue that Luce is superior in significant aspects. First, relevant applications, monotone sense Apesteguia Ballester (2018), while not. Second, ...